Total monthly cost of ownership
Cost to Own a Home in Royalton, Minnesota
A $202,000 home here costs
$1,693per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,038. The real number is $655 higher every month — 63% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Royalton against Benton County and Minnesota
| Measure | Royalton | Benton County |
|---|---|---|
| Median home value | $201,500 | $247,100 |
| Median property tax | $2,136 | $2,532 |
| Effective tax rate | 1.060% | 1.025% |
| Median gross rent | $642 | $917 |
| Population | 1,092 | 41,458 |
Royalton extends across 2 counties. Figures here use Benton County, where most of its housing sits.
The weather behind that power bill
Royalton sits in Benton County, which averages a high of 81.6°F in its hottest month and a low of 2.9°F in its coldest, with 28.49" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 468 cooling and 8,490 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Benton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Benton County
Full Benton County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Royalton?
A $202,000 home in Royalton, Minnesota costs approximately $1,693 per month with 20% down at 6.66%. That is $1,038 principal and interest, $178 property tax, $88 homeowners insurance, $220 utilities and $168 set aside for maintenance.
What is the property tax rate in Royalton?
Royalton has an effective property tax rate of 1.060%, based on a median home value of $201,500 and median real estate taxes of $2,136. That is higher than the Benton County average of 1.025%.
What is the average home price in Royalton?
The median owner-occupied home value in Royalton, Minnesota is $201,500, against $247,100 across Benton County.
Is it cheaper to rent or buy in Royalton?
Median gross rent in Royalton is $642 a month, against $1,693 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Royalton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.